Insurance Bureau of Canada names new chair of the board

Insurance Bureau of Canada names new chair of the board | Insurance Business Canada

Insurance Bureau of Canada names new chair of the board

The Insurance Bureau of Canada (IBC) has today welcomed Ryan Michel (pictured), president and CEO of Allstate Insurance Company of Canada (AIC) as its new chair.

Commenting on his appointment, Michel noted that the COVID crisis continues to represent a difficult time for everyone but that he is proud that so many insurers have provided consumer relief and recovery support to Canadians impacted by everything from floods to hailstorms during the pandemic.

“Although Canadian insurers and the global insurance industry will continue to face challenges,” he said, “the insurance sector will play a vital role in the economic recovery. IBC, as the voice of Canada’s property and casualty insurance industry, is uniquely positioned to help advance much-needed public policy discussions.

“These policies span recovering from the pandemic, to advancing climate adaptation measures, to reforming auto insurance, to addressing new technologies and industry disruptors. Through IBC, we will continue to engage governments and stakeholders to turn challenges into opportunities to benefit Canadian consumers. I look forward to continuing this important work and representing the shared values of our industry.”

Michel brings over two decades of industry experience to the role and is accountable for the Allstate Canada Group of Companies (ACG) property and casualty insurance business, including AIC, Pembridge Insurance Company, Pafco Insurance Company, Esurance Insurance Company of Canada and Ivantage Insurance Brokers. He’s also a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. He lives in Toronto and volunteers with the non-profit, Safe Families Canada.

“Mr Michel brings a wealth of industry experience and knowledge to the role,” said Don Forgeron, president and CEO, IBC. “We look forward to working with him on several issues aimed at helping consumers and keeping Canada’s insurance industry strong and robust. With Mr Michel’s leadership, IBC will continue to advance its strategic priorities with communities, stakeholders and governments across the country.”